Super Micro Computer Inc (NASDAQ:SMCI) shares are trading lower Thursday after the company reported Q4 preliminary results.
For Q4, the company expects net sales of $2.15 billion-$2.18 billion (vs. prior guidance of $1.7 billion-$1.9 billion and consensus of $1.8 billion) and adjusted EPS of $3.35-$3.45 (vs. $2.21-$2.71 prior guidance and consensus of $2.45).
The company is benefiting from strong record design wins, orders, and a fast-growing backlog.
The company will release Q4 FY23 results on August 8, 2023.
Also Read: Super Micro Computer Is Well Positioned In The ‘Mother of All Cycles,’ Says Analyst
Price Action: SMCI shares are trading lower by 4.13% at $291.13 on the last check Thursday.
